Almonds top nut in global new product development, 6th year in a row

For the sixteenth consecutive year, almonds are the top nut in global new product development according to Global New Products data from Innova Market Insights, having been first recognized as the number one nut globally in 2006. With more forms than any other tree nut, almonds' versatile taste, texture and health claim benefits align to consumers’ ever-changing tastes, lifestyles and preferences.

This year’s Global New Products Report revealed that more than 12,000 new almond products were introduced in 2021, making up 40 percent of total nut introductions. Almonds are the number one nut in four of the top six1 global food introduction categories: bakery, bars, dairy and cereals. Of note, bakery’s growth at 15 percent is highest out of all introductions across global food, nut and almond introductions.

“We’re continually impressed to see manufacturers across the globe innovating with almonds to stay on top of consumer demands, trends and preferences coming out of the pandemic,” said Harbinder Maan, Associate Director, Trade Marketing and Stewardship at the Almond Board of California. “The versatility of almonds as an ingredient is truly unique, and we continue to see new innovations across product categories that really push the envelope.”

The Global New Products Report also found that almonds are not only the number one nut in North America but also in Europe and Asia-Pacific. Europe is leading almond introductions for all top almond relevant categories except for cereals, where Asia-Pacific is the leading region. Globally, the top six almond relevant categories account for 82 percent of total almond introductions, while these categories account for only 43% of total food introductions.

 

Visit Almonds.com to view an infographic highlighting key data from the report.


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